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Asia-Pacific Electronics Adhesives Market Size (2024 - 2029)

The Asia-Pacific electronics adhesives market is anticipated to experience significant expansion, driven by advancements in technology within the manufacturing sector. Despite challenges posed by fluctuating raw material prices, the market is poised for growth, particularly with the increasing shift towards environmentally friendly water-based adhesives. China is expected to maintain its leading position in terms of market share, while surface mounting applications are projected to dominate the market landscape throughout the forecast period.

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Market Size of Asia-Pacific Electronics Adhesives Industry

Asia-Pacific Electronics Adhesives Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 8.00 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

APAC Electronics Adhesives Market Analysis

The Asia-Pacific electronics adhesives market is expected to grow at with a CAGR greater than 8% during the forecast period. One of the major factors driving the market is the growing technological advancements in manufacturing electronic adhesives. However, volatility of the raw material prices is hindering the growth of the market studied. 

  • Shift towards environment-friendly water based adhesives is expected to provide a major growth opportunity for the market studied.
  • China accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
  • Among the application areas, surface mounting is expected to dominate the market during the forecast period.

APAC Electronics Adhesives Industry Segmentation

The Asia-Pacific electronics adhesives market report include: 

Resin Type
Epoxy
Acrylics
Polyurethane
Other Resin Types
Application
Conformal Coatings
Surface Mounting
Encapsulation
Wire Tacking
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
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Asia-Pacific Electronics Adhesives Market Size Summary

The Asia-Pacific electronics adhesives market is poised for significant growth, driven by technological advancements in the manufacturing of electronic adhesives. The market is experiencing a shift towards environmentally friendly water-based adhesives, which presents substantial growth opportunities. China leads the market, both in terms of consumption and production, and is expected to maintain its dominance throughout the forecast period. The surface mounting application, also known as chip bonding, is anticipated to be the dominant segment due to the superior physical and chemical properties of the adhesives used, such as acrylics, epoxies, and urethane acrylates. These adhesives offer benefits like long shelf life, high wet strength, rapid curing, and flexibility, making them ideal for this application.

The demand for electronic adhesives in the Asia-Pacific region is further bolstered by increasing urbanization and the integration of advanced technologies in automotive safety and infotainment systems, which drive the need for printed circuit boards. China's consistent investments in the electronics industry contribute to the market's expansion. The market is moderately consolidated, with key players like Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, and BASF SE holding significant shares. Despite the challenges posed by raw material price volatility, the market's growth trajectory remains strong, supported by these factors.

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Asia-Pacific Electronics Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Technological Advancements in Manufacturing Electronic Adhesives

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Volatility in Raw Material Prices

      2. 1.2.2 Regulations Related to the VOCs

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value-chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Acrylics

      3. 2.1.3 Polyurethane

      4. 2.1.4 Other Resin Types

    2. 2.2 Application

      1. 2.2.1 Conformal Coatings

      2. 2.2.2 Surface Mounting

      3. 2.2.3 Encapsulation

      4. 2.2.4 Wire Tacking

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 ASEAN Countries

        6. 2.3.1.6 Rest of Asia-Pacific

Asia-Pacific Electronics Adhesives Market Size FAQs

The Asia-Pacific Electronics Adhesives Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

Henkel AG & Co. KGaA , Dow, H.B. Fuller Company, 3M and BASF SE are the major companies operating in the Asia-Pacific Electronics Adhesives Market.

Asia-Pacific Electronics Adhesives Report Snapshots

Asia-Pacific Electronics Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)